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06/18/2018 / By JD Heyes
No doubt the billionaire founder of PayPal, Elon Musk, is enjoying the fruits of his labor, that being the development of the world’s first real interactive online service accommodating the online interaction between merchant and buyer.
It’s not like he’s living in poverty or anything, nor would we expect him to.
He devised something of value to hundreds of millions or even billions of people, and he sold that something of value for a lot of money.
Good for him. He’s what we used to call a shining example of “The American Dream.”
But that dream was built on an economic model known as capitalism — the very same model that brought an end to Medieval European feudalism which, for a thousand years, kept people poor, dependent, and unable to escape their cycle of poverty.
Why, then, would this stellar example of capitalism embrace an economic model that has failed everywhere it’s been tried — and which continues its record of failure today?
That would be socialism.
In recent days Musk, current CEO of Tesla — maker of electric cars that spontaneously combust — took to Twitter (where else?) to declare his adherence to an economic model that would have never delivered the riches he currently enjoys.
Could it be due to his reliance on government funding in order to get his venture off the ground? Perhaps.
After tweeting last week that socialists have no sense of humor, Musk wrote, “Those who proclaim themselves ‘socialists’ are usually depressing, have no sense of humor & attended an expensive college. Fate loves irony.”
Those who proclaim themselves “socialists” are usually depressing, have no sense of humor & attended an expensive college. Fate loves irony.
— Elon Musk (@elonmusk) June 15, 2018
When he was challenged to identify his own beliefs, he responded, “A socialist.”
He then wrote: “By the way, I am actually a socialist. Just not the kind that shifts resources from most productive to least productive, pretending to do good, while actually causing harm. True socialism seeks greatest good for all.”
By the way, I am actually a socialist. Just not the kind that shifts resources from most productive to least productive, pretending to do good, while actually causing harm. True socialism seeks greatest good for all.
— Elon Musk (@elonmusk) June 16, 2018
How can that be true when every instance of ‘socialism’ witnessed since the concept was devised involves some deranged crackpot authoritarian leader confiscating wealth from the haves and redistributing it to the have-nots (until the haves run out of resources and there’s nothing left to give away)?
Could it be that Musk is just running around in social and political circles that require him, as a really rich guy, to be apologetic about it while pretending like he feels bad about developing a billion-dollar enterprise? (Related: Elon Musk pushing carbon tax con that will pad his own pockets with billions.)
Because that’s what it looks like.
Musk also tweeted this out: “There is considerable confusion between wealth as consumption & wealth as labor allocation. By latter measure, anyone in govt whose budget exceeds $1B is a billionaire. Government is the largest corporation.” [emphasis added]
That’s good as far as Musk is concerned, considering he’s built an empire worth billions based on billions in government (read taxpayer subsidies).
As reported by The L.A. Times:
Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups.
“He definitely goes where there is government money,” Dan Dolev, an analyst at Jefferies Equity Research, told the paper. “That’s a great strategy, but the government will cut you off one day.”
Because it must.
And for the record, socialism is a failed economic model, no matter how academically you try to make the case for it.
Even if Elon Musk, the government money addict, proclaims otherwise.
Think not? Take a peek at Venezuela and see how that latest socialist experiment is working out.
Catch more Elon Musk news at ElonMuskWatch.com.
J.D. Heyes is a senior writer for NaturalNews.com and NewsTarget.com, as well as editor of The National Sentinel.
Sources include:
Tagged Under: capitalism, economics, Elon Musk, government funding, hypocrisy, socialism, tesla
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